أعرض تسجيلة المادة بشكل مبسط

dc.creator Fic, Tatiana
dc.date 2002
dc.date.accessioned 2013-10-16T06:59:11Z
dc.date.available 2013-10-16T06:59:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18263
dc.identifier ppn:353287911
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18263
dc.description This paper uses Markov switching models to study short-run movements of the Polish zloty and speculative phenomena in Poland, that is, to investigate whether the exchange rate is "contaminated" by a speculative bubble. The zloty movements are examined in terms of so-called long swings - periods of prevailing appreciation and depreciation of the exchange rate. Speculative fluctuations of the zloty are investigated within two different frameworks: the uncovered interest parity hypothesis and a model of a zloty bubble. The results obtained suggest that the zloty exchange rate is characterised by interweaving periods of appreciation and depreciation with different durations. The uncovered interest parity hypothesis does not hold. Periods were identified, in which the zloty exhibited "bubble properties".
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 279
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C32
dc.subject F31
dc.subject ddc:330
dc.subject Markov switching
dc.subject exchange rates
dc.subject speculative bubbles
dc.subject Wechselkurs
dc.subject Devisenspekulation
dc.subject Bubbles
dc.subject Zinsparität
dc.subject Schätzung
dc.subject Markovscher Prozeß
dc.subject Polen
dc.title The Polish zloty and currency speculation
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط